Shanghai's Huangpu River waterfront will once again host the 2026 Sustainable Global Leaders Conference from October 20 to 22, featuring Nobel and Turing Award winners discussing the future and trends of technology, as well as a live dialogue between internet-famous professors Macfarlane and Xiang Biao that promises to ease the anxieties of an era defined by burnout and involution.
Spots are limited, so those interested should act quickly. Let us gather for this appointment with sustainability. On the evening of October 16, domestic memory chip leader Cxmt Corporation (SSE: 688825) issued two announcements in quick succession: one was its earnings forecast for the first three quarters of 2026, and the other was a proposal by the company's chairman, Zhu Yiming, to buy back company shares.
According to preliminary estimates by the finance department, Cxmt Corporation (SSE: 688825) expects to report operating revenue of 265 billion yuan to 270 billion yuan for the first three quarters of 2026, an increase of 232.916 billion yuan to 237.916 billion yuan compared with 32.084 billion yuan in the same period last year. It expects net profit attributable to shareholders of the listed company to be 131 billion yuan to 132.5 billion yuan, turning profitable from a loss of 5.28 billion yuan in the same period a year earlier.
Regarding the reasons for the sharp earnings increase, Cxmt Corporation (SSE: 688825) said in the announcement that since the second half of 2025, demand for AI computing power has grown rapidly, the global DRAM industry's prosperity has improved, products have been in short supply, and prices have risen significantly. The company steadily advanced capacity construction, product research and development, and process technology upgrades, further improving output per wafer and capacity utilization, with economies of scale continuing to emerge. At the same time, the company continued to optimize operational management, actively expand markets, and deepen collaborative cooperation across the upstream and downstream of the industrial chain, driving continuous expansion of its business scale.
On the same day it released the earnings forecast, Cxmt Corporation (SSE: 688825) disclosed a notice regarding receipt of a proposal from the company's chairman to buy back company shares. Chairman Zhu Yiming proposed that the company use its own funds or self-raised funds to repurchase some of its already issued RMB ordinary shares (A shares) through centralized bidding on the Shanghai Stock Exchange, with a total repurchase amount of no less than 1 billion yuan (inclusive) and no more than 2 billion yuan (inclusive). The repurchased shares are intended for employee equity incentives, employee stock ownership plans, or reducing the company's registered capital, and the repurchase price will not exceed 150% of the average trading price of the company's shares over the 30 trading days before the board of directors approves the repurchase plan.
Yang Delong, chief economist and fund manager at Qianhai Open Source Fund, told reporters that the chairman's proposal to buy back shares demonstrates management's confidence in the company's long-term development and industry prospects, which is conducive to safeguarding the rights and interests of minority shareholders, and that if the company subsequently chooses to cancel the shares, it could reduce total share capital and boost earnings per share.
Yuan Shuai, deputy secretary-general of the Zhongguancun Internet of Things Industry Alliance, told reporters that against the backdrop of continued global expansion of AI computing power demand and the extension of a highly prosperous memory cycle, Cxmt Corporation (SSE: 688825) is expected to sustain its earnings growth momentum through the full year on the strength of continued capacity and process ramp-up. Its subsequent performance and the progress of the buyback plan's implementation deserve continued market attention.
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